Townhall.com, Where Your Opinion Counts
Talk Radio:   Bill Bennett   Mike Gallagher   Dennis Prager   Michael Medved   Hugh Hewitt   
BREAKING NEWS  LeftArrow - Townhall.com : Conservative, Political, Republican   RightArrow - Townhall.com : Conservative, Political, Republican  
Columns, funnies & more in your inbox!
  • Check the boxes and send us your email address to receveive your free newsletter
  • Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
  • Townhall.com’s weekly inside scoop on what’s happening behind the scenes in the world of politics. When news breaks, we report.
  • Signup to receive the latest daily Townhall cartoons
Tuesday, November 10, 2009
Maidenform posts higher 3Q profit, sales
Vote on It:
Average Vote:
[+] Text [-]
 
Poll
Will the Democrats have the time to read their own health care bill before voting on it?


Intimate apparel company Maidenform Brands Inc. said Tuesday its third-quarter profit almost doubled, boosted by a tax benefit and solid sales of bras and shapewear.

The company earned $16 million, or 67 cents per share, up 90 percent from $8.4 million, or 36 cents per share, in the same period a year earlier. The latest quarter's results include a one-time tax benefit of 25 cents per share. Excluding this, adjusted earnings were 42 cents per share.

Revenue rose 14 percent to $128.7 million from $112.6 million.

Analysts, on average, were expecting a profit of 35 cents per share, according to a survey by Thomson Reuters. Analysts typically exclude one-time items from their estimates.

For the fourth quarter, Maidenform forecast a profit of 17 cents to 21 cents per share. Analysts expect 20 cents per share.

The company forecast earnings of $1.41 to $1.45 per share for the full year and adjusted earnings of $1.16 to $1.20 per share. Analysts expect $1.12 per share.

Maidenform expects revenue to grow by about 10 percent over 2008. Analysts are expecting $456.4 million, which amounts to a roughly 10 percent increase based on the $413.5 million of sales the company reported for the year.

Shares slid 1 cent to $16.18 in after-hours trading after closing up 40 cents, or 2.5 percent, at $16.19.

Share:
Vote on It:
Average Vote:
 
Sign Up to Post Your CommentsSign Up to Post Your Comments
If you are already registered, click here to login. Otherwise, please take a few seconds to register with Townhall.com. Once you sign up, you’ll be able to post your comments immediately, use the action center, get podcasts, and more!
Note: Fields marked with a red asterisk (*) are required.
Salutation:
First Name:
*
Last Name:
*
Email:
*
Nickname:
*
Note: Nick name will be shown when you post comments.
Address 1:
*
Address 2:
City:
*
State:
*
Zip:
*
Phone:
      
Your daily must-read of conservative columns, cartoons and news. Coulter, Sowell, Krauthammer and more.
(Bi-Weekly) We highlight the best opportunities from our partners for surveys, action items and more.